$5,106 Closing Credit*
$430,000
1,907 SqFt
4 Beds
•2 Full Baths
Joseph Fernandini, Listing Office: MY REALTY GROUP, LLC.
Is Southchase, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Southchase has remained a Seller's Market.
Key Takeaway
Southchase is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southchase, FL
How much do homes in Southchase, FL cost?
Median Sold Price
$435,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.4%)
Key Takeaway
Homes in Southchase have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Southchase was $435,000 in October 2024, up 2.4% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $254.9K | $275K | +7.9% |
| 3 Bedrooms | $383.5K | $390K | +1.7% |
| 4 Bedrooms | $457K | $475K | +3.9% |
| 5+ Bedrooms | $539.1K | $564.9K | +4.8% |
Summary: Southchase housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Falcon Trace | $487.5K | $500K | +2.6% |
| Southchase | $425K | $435K | +2.4% |
Housing Supply in Southchase, FL
How many homes are available in Southchase, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 50 | +8.7% |
Summary: The Southchase real estate market had 50 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Southchase housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 14 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southchase, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Southchase in October 2024, up by 100.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Southchase, FL
How long does it take to sell a home in Southchase, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 35 Days | +40.6% |
Summary: Homes in Southchase had an average of 35 days on market in Oct 2024, up by 40.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southchase are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Southchase; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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